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Cameco's Cigar Lake acquisition from Tepco Resources raises the company's stake in one of the world's highest-grade uranium mines, which holds proven and probable reserves of 172-million pounds of triuranium octoxide and has produced about 174-million packaged pounds since 2014, with planned production of 17.5-million to 18-million pounds this year and life-of-mine extension work under way to 2036. The company temporarily halted production at Key Lake and reduced activity at McArthur River in May after flooding caused the Smoothstone River bridge to collapse, but successfully returned to full production by late May while maintaining its full-year consolidated production outlook of 19.5-million to 21.5-million pounds.
Manhattan Uranium's planned 25-hole drill programme, funded as the company works to earn a 70% interest in the Uranium City projects by spending C$6-million on exploration, will test follow-up opportunities near prior uranium results and first-pass tests of newly defined targets along more than 60 km of prospective electromagnetic conductor packages on the northern margin of the Athabasca basin. Chairperson William Sheriff says the Athabasca basin remains one of the world's premier uranium regions, while CEO Galen McNamara describes the programme as a significant catalyst for the company, noting the basin's well-established track record of delivering world-class uranium discoveries.
Max Power Mining's Lawson Complex development, which confirmed Canada's first subsurface natural hydrogen system with a potentially significant helium component following drilling in the heart of Saskatchewan's 475 km Genesis Trend, is finalising plans for an expanded near-term follow-up drill programme designed to validate commerciality after completing high-resolution three-dimensional seismic imaging. The memorandum of understanding with TerraVolt Energy, EcoTech Building Solutions and Carbon Neutral Growth Fund contemplates integrating natural hydrogen, modular power systems and associated produced brine waters into next-generation AI and high-performance computing infrastructure, addressing concerns around grid demand and water consumption in traditional data centre development.
Prairie Lithium has started factory acceptance testing at its commercial-scale direct lithium extraction unit, which will be the largest of its kind in North America at about four times the scale of Standard Lithium's single commercial-scale column in Arkansas, with the unit to be transported to the Phase 1 production facility in Saskatchewan for installation ahead of targeted first production in the fourth quarter of 2026. The company has secured Phase 1 production of 150 t a year of lithium carbonate equivalent under a binding offtake agreement with Hydro Lithium in South Korea, which is also providing A$10-million of proprietary refining equipment that reduces Prairie's upfront capital requirements for producing an upgraded intermediate lithium product.
Saskatchewan Updates
TSX-V-listed Manhattan Uranium Discovery Corporation and fellow-listed Fortune Bay Corporation have selected priority drill targets for an upcoming drill programme at the Murmac and Strike uranium...
Canadian energy and resource exploration company Max Power Mining has signed a memorandum of understanding (MoU) with an advanced AI infrastructure and distributed energy systems company called...
TSX- and NYSE-listed Cameco and Orano Canada has reached an agreement with Tepco Resources to acquire its 5% participating interest in the Ciger Lake joint venture, in Canada. Upon closing,...
Vertically integrated US rare earth processing and magnet supply chain company REalloys has signed a memorandum of understanding (MoU) with US-based metallurgical coal miner Ramaco Resources to...
TSX- and NYSE-listed uranium miner Cameco has successfully returned to full production at the McArthur River mine and the Key Lake mill, in northern Saskatchewan, following a flooding disruption...
Canadian energy and resources exploration company Max Power Mining Corporation has arranged a strategic non-brokered private placement with prominent Canadian investor Eric Sprott that will raise...
Prairie Lithium has started with factory acceptance testing at its commercial-scale direct lithium extraction unit, representing another important step towards commissioning of the project.
The Phoenix in situ recovery mine has become the first large-scale Canadian uranium mining project in more than 20 years to receive all regulatory approvals required to start construction.
ASX-listed Prairie Lithium has started with factory acceptance testing at its commercial-scale direct lithium extraction (DLE) unit, representing another important step towards commissioning of the...
The symbol U and the atomic number 92 are once again among the energy elements being looked at with greater intensity amid global fossil fuel supply disruption and growing demand for triuranium...
Uranium miner Denison Mines’ Phoenix In-Situ Recovery (ISR) mine in February became the first large-scale Canadian uranium mining project in over 20 years to receive all regulatory approvals...
NYSE-listed the Mosaic Company posted a net loss of $258-million for the first quarter of this year, compared with net income of $238-million reported for the first quarter of 2025. Mosaic’s North...
Amid flooding in the region of its northern Saskatchewan sites, in Canada, TSX-listed Cameco has temporarily halted production activities at its Key Lake mill and reduced activity at its McArthur...
TSX and NYSE-listed uranium supplier Cameco has announced re-elections of nine of its boardmembers as approved by shareholders on May 7. The appointments include Tammy Cook-Searson, Catherine...
The shareholders of Canadian companies Urano Energy Corporation and Pegasus Resources have approved an acquisition whereby Aero Energy Limited will merge itself and the two companies to establish a...
German authorities seeking to map out US supply-chain vulnerabilities as a way to win leverage with President Donald Trump’s administration have identified a key pressure point: potash. The US...
American Rare Earths has further defined the pilot plant execution plan for the project.
Australia-listed critical minerals company American Rare Earths has further defined an execution plan for pilot plant processing for its Halleck Creek project, in Wyoming, in the US. The pilot...
Prairie Lithium has signed a binding definitive agreement with Hydro Lithium, under which Hydro Lithium will acquire 100% of Phase 1 production from the project.
TSX- and NYSE-listed Eldorado Gold Corporation has successfully garnered shareholder approval on a proposed plan of arrangement with TSX-listed copper miner Foran Mining Corporation. About 84% of...
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